Streetbeat News

FND

Floor & Decor Holdings, Inc.

https://www.flooranddecor.com

Industry

Home Improvement

Floor & Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers. As of May 5, 2022, the company operated 166 warehouse-format stores and five design studios in 34 states. It also sells products through its Website, FloorandDecor.com. The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017. Floor & Decor Holdings, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

Open

101.28

Mkt cap

11B

Volume

1.5M

High

102.19

P/E Ratio

55.76

52-wk high

135.67

Low

99.40

Div yield

N/A

52-wk low

88.53

Floor & Decor Holdings has projected its FY23 net sales to be between $4.345B and $4.385B, which is lower than the estimated $4.49B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:44 pm

Floor & Decor Hldgs (NYSE:FND) reported Q3 earnings of $0.61 per share, beating the analyst consensus estimate of $0.56 by 8.93%. However, this is a 12.86% decrease from the same period last year. The company's quarterly sales of $1.11 billion missed the analyst consensus estimate of $1.12 billion by 1.16%, but it's a 0.91% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:41 pm

Stifel analyst John Baugh maintains a 'Buy' rating on Floor & Decor Holdings (NYSE:FND) but has lowered the price target from $120 to $100.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 3:07 pm

Telsey Advisory Group analyst Joseph Feldman has reiterated the Market Perform rating on Floor & Decor Holdings, Inc. (NYSE:FND), but lowered the price target to $90 from $105. Feldman expects 3Q23 sales to increase 3% YoY to $1.1 billion, but anticipates a contraction in operating margin due to inflation and higher store operating expenses. The weak housing market and the lapping of pandemic-related gains are expected to put pressure on Floor & Decor's business.

Portfolio Pulse from Nabaparna Bhattacharya

October 25, 2023 | 7:46 pm

Telsey Advisory Group analyst Joseph Feldman has maintained a 'Market Perform' rating on Floor & Decor Holdings (NYSE:FND) but lowered the price target from $105 to $90.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:16 am

Several Wall Street analysts have updated their price targets and ratings for various companies. Can-Fite BioPharma, Arvinas, FMC Corporation, NerdWallet, Shockwave Medical, Bloom Energy Corporation, and Floor & Decor Holdings had their price targets cut by different analysts. Meanwhile, Medpace Holdings, Golden Ocean Group Limited, and Matson saw their price targets increased.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 1:44 pm

Wedbush analyst Seth Basham maintains an Outperform rating on Floor & Decor Holdings (NYSE:FND) but lowers the price target from $110 to $90.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:09 pm

Floor & Decor Hldgs (NYSE:FND) has received various analyst ratings in the last quarter, with 5 bullish, 3 somewhat bullish, 11 indifferent, and 1 somewhat bearish. Over the past 3 months, 20 analysts have offered 12-month price targets for the company, with an average price target of $103.65, a 3.13% decrease from the previous average price target of $107.00.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 8:01 pm

Guggenheim analyst Steven Forbes has maintained a 'Buy' rating on Floor & Decor Holdings (NYSE:FND) but lowered the price target from $115 to $95.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 5:15 pm

In Wednesday's pre-market session, several consumer discretionary stocks saw significant movement. Shift Techs (SFT), Connexa Sports Techs (CNXA), BARK (BARK), Floor & Decor Hldgs (FND), Hall Of Fame Resort (HOFV), and Color Star Tech (ADD) all saw increases, while Faraday Future (FFIE), China Liberal Education (CLEU), BJ's Restaurants (BJRI), JX Luxventure (JXJT), ThredUp (TDUP), and Portillos (PTLO) experienced decreases.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 1:06 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.